What Was The Purpose Of The North American Free Trade Agreement

This decision would ultimately lead to legal complaints from the World Trade Organization. [124] The Washington Post noted that a review of the academic literature by the Congressional Research Service concluded that „the overall net effect of NAFTA on the U.S. economy appears to be relatively modest, largely because trade with Canada and Mexico accounts for a small percentage of U.S. GDP.“ [63] Controversy over the Treaty`s environmental enforcement provisions remained high in the late 1990s. In fact, North American trade interests have sought to weaken an important NAFTA side agreement on environmental protection and enforcement. The agreement – one of the few provisions welcomed by environmental groups – allows groups and ordinary citizens to accuse member states of not enforcing their own environmental legislation. A trinational commission on environmental cooperation is responsible for investigating these allegations and publishes public reports. „This process is slow, but the embarrassment factor turned out to be surprisingly high,“ Business Week noted. Since 2005, the U.S.

government has spoken out against NAFTA revisions. But the Canadian government and many companies in all three countries continue to work to change the agreement. If the original Trans-Pacific Partnership (TPP) had entered into force, existing agreements, such as NAFTA, would be reduced to provisions that do not conflict with the TPP or require greater trade liberalization than the TPP. [155] However, only Canada and Mexico have the prospect of becoming members of the TPP after U.S. President Donald Trump withdrew the United States from the agreement in January 2017. In May 2017, the remaining 11 TPP members, including Canada and Mexico, agreed on a revised version of the trade agreement without the United States. . . .

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